Harbor Acquisition Corp. (AMEX:HAC.U)
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Harbor Acquisition Corporation (Amex: HAC; HAC.U; HAC.WS; “Harbor”)
announced today that, at the reconvened session of the special meeting
of its stockholders held at 10:00 a.m. (Eastern Standard Time) on
Tuesday, January 8, 2008, the stockholders, by a majority vote of the
shares represented at the meeting, approved the further adjournment of
the special meeting until 10 a.m. (Eastern Standard Time) on Wednesday,
January 23, 2008. Harbor also announced that it plans to mail later this
week to its stockholders a supplement to its proxy statement dated
November 30, 2007 for the special meeting, which supplement will
describe developments which have occurred since that date concerning the
business of Elmet Technologies, Inc. and certain other matters. The
further adjournment of the special meeting will provide Harbor
stockholders with additional time to consider the information contained
in that supplement and to vote on Harbor’s
proposed acquisition of Elmet Technologies, Inc and the related
proposals at the special meeting.
The reconvened special meeting on January 23, 2008 will be held at the
offices of Davis, Malm & D’Agostine, P.C.,
One Boston Place, 37th Floor, Boston,
Massachusetts, the same location as described in the original notice for
the special meeting.
Harbor encourages all its stockholders to review the supplement, when
available, and to vote at the reconvened special meeting.
About Elmet Technologies, Inc.
Originally founded in 1929, Elmet became an independent company in early
2004 when its current CEO Jack Jensen led the management buyout of Elmet
from its former parent, Philips Electronics North America Corporation.
Under Jensen and his management team, Elmet has enjoyed growth by
providing innovative refractory metal solutions to OEMs serving such
industries as data storage, semiconductor, medical, electronics and
lighting. Elmet now employs approximately 240 personnel, including
highly-skilled sales, design, engineering, and production professionals
at its Lewiston, Maine headquarters. Elmet’s
products are typically custom-engineered components used in products
such as medical imaging devices, silicon wafer chip manufacturing
equipment, and specialty commercial and residential lighting
applications.
About Harbor Acquisition Corporation
Based in Boston, Harbor is a publicly traded, special purpose
acquisition corporation (“SPAC”)
formed to acquire a company in the industrial or consumer products
sectors. The contemplated transaction is subject to shareholder
approval, and certain other closing conditions. Upon completion of the
transaction, Harbor intends to change its corporate name to Elmet
Technologies Corporation.
Not a Proxy Statement
This press release is not a proxy statement or a solicitation of proxies
from the holders of common stock of Harbor and does not constitute an
offer of any securities of Harbor for sale. Any solicitation of proxies
will be made only by the definitive proxy statement that Harbor has
mailed to all stockholders and the supplement which Harbor will mail to
its all stockholders, each as filed with the Securities and Exchange
Commission. INVESTORS AND SECURITY HOLDERS ARE ADVISED TO READ THE
DEFINITIVE PROXY STATEMENT AND SUCH SUPPLEMENT BECAUSE THEY CONTAIN
IMPORTANT INFORMATION. Investors and security holders may obtain a free
copy of the definitive proxy statement and other documents filed by
Harbor at the Securities and Exchange Commission’s
web site at http://www.sec.gov.
Forward Looking Statements
This press release includes forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities
Act”), and Section 21E of the Securities
Exchange Act of 1934, as amended (the “Exchange
Act”). These forward-looking statements are
based on current expectations and projections about future events and no
party assumes an obligation to update any such forward-looking
statements. These forward-looking statements are subject to known and
unknown risks, uncertainties and assumptions about Harbor and Elmet that
may cause actual results to be materially different from any future
results expressed or implied by such forward-looking statements. In some
cases, you can identify forward-looking statements by terminology such
as “may,” “should,”
“could,” “would,”
“expect,” “plan,”
“anticipate,” “believe,”
“estimate,” “continue,”
or the negative of such terms or other similar expressions. Factors that
might cause our future results to differ from those statements include,
but are not limited to, delays may require Harbor to obtain an extension
from Elmet and its stockholders to the date by which the acquisition of
Elmet must be consummated, which Elmet and its stockholders may be
unwilling to provide; delays may require Harbor to obtain an extension
of the commitment from its bank lenders, which such lenders may be
unwilling to provide, the failure of Harbor’s
stockholders to approve the acquisition and the transactions
contemplated thereby; the number and percentage of Harbor’s
stockholders voting against the acquisition and electing to exercise
their conversion rights; changing interpretations of generally accepted
accounting principles; costs associated with continued compliance with
government regulations; legislation or regulatory environments,
requirements or changes adversely affecting the businesses in which
Elmet is engaged; the continued ability of Elmet to successfully execute
its business plan; as well as other relevant risks detailed in Harbor’s
filings with the Securities and Exchange Commission.